Developing Local Economic and Environmental Sustainability through Renewable Energy Investment
Since 1983, Covanta Energy has worked closely with dozens of communities in 16 states and two Canadian provinces to plan, develop, finance, build and/or operate energy-from-waste (EfW) facilities to end landfill dependence by converting ordinary household municipal waste into clean, reliable renewable energy. Looking back on the decisions made 15-20 years or earlier, these communities have found that the EfW projects serving their waste processing needs have also yielded other important infrastructure and economic development benefits:
- Provide predictable annual budgeting, year over year
- Ceasing long haul transport of waste to increasingly distant landfills
- End or substantially minimize the export of finite local financial resources to distant landfills in other jurisdictions
- Generate energy and metals sales revenues to pay facility debt
- Many municipally-owned EfW facilities enjoy debt-free facilities, which have held value or even increased in value for another 20-30 years
- Create and sustain well paying, local “green” jobs
- Meet the waste disposal needs of local businesses as well as residents
- EfW projects attract investment by companies with “zero landfill” sustainability goals seeking communities offering renewable energy and stable landfill disposal alternatives
Striving to Help More Communities End Landfill Dependence
Covanta is currently pursuing opportunities principally in North America and in select markets in Europe, Central and South America and Southeast Asia.
Covanta pursues varied EfW opportunities:
- Construction and operation of new Energy-from-Waste (EfW) facilities, either public or privately owned, competitively procured or independently developed
- Extension of existing EfW operating agreements, to include investment of significant capital improvements/upgrades
- Acquisition of EfW facilities/operating agreements from municipalities or third parties
- Capacity expansion of existing Covanta EfW facility operations
- Acquisition/development of integrated waste management services such as recycling, residual/bypass landfills and waste transfer and transportation facilities
In 2009, Thomas Conoscenti, Ph.D. of New York University in conjunction with Covanta published a case study, titled “The Existing and Potential Economic Impact of the Energy-from-Waste Industry in Florida,” regarding direct and indirect economic benefits to local communities that are made possible by implementing EfW alternatives.
Click here to read the study
Covanta Marion has been in operation since 1986 and is now more than ever considered a key element in making Marion County one of the top waste reduction and recycling counties in Oregon. Read this study about county’s integration of EfW in its overall management of solid waste, click here.